That sounds like the iPad Mini will be on an annual upgrade cycle, which makes sense since the iPhone is on an annual upgrade cycle. The normal iPad was on an annual upgrade cycle too, until Apple upgraded it last week.

Anyway, this is the first rumor of a Retina-ready iPad Mini. We'll be on the lookout for more.

If it's true though, there's some solace in buying an iPad Mini this holiday season. It won't be passed by a better iPad Mini for a year.